iProledge CA Coaching in Bangalore

Are you ready to begin a fulfilling career in finance, taxation, and accounting? There is no need to look any further! We offer complete coaching for the prestigious Chartered Accountancy (CA) certificate in Bangalore at iProledge. Let's go over all you need to know about the CA course and why iProledge is the best option for you.

What is CA (Chartered Accountancy) ?

CA (Chartered Accountant) is a prestigious career in finance, taxation, and accounting. The Institute of Chartered Accountants of India (ICAI), which was founded in 1949, provides the CA qualification. Chartered Accountants are responsible for financial record preparation and auditing, anomaly investigation, financial forecasting, tax planning, and financial system maintenance.

Levels in CA Course:

• CA Foundation Level: 4 Papers

• CA Intermediate Level: 6 Papers

• CA Final Level: 6 Papers

Eligibility Criteria:

1. CA Foundation Eligibility:

• Educational Qualification: Candidates must have passed the 10+2 or its equivalent examination from a recognized board or institution.

• Exemption: There is no minimum percentage requirement to take the CA Foundation exam. Students who passed the 10+2 examination may also apply.

2. CA Intermediate Eligibility:

• Option 1: CA Foundation Pass: Candidates who have passed the ICAI's CA Foundation exam are eligible to register for the CA Intermediate level.
  

• Option 2: Commerce Graduates/Post Graduates with Specific Percentage: To be qualified for CA Intermediate, commerce graduates or postgraduates must obtain a minimum of 55% in their qualifying exam. Additionally, They must also complete 9 months of articleship to be eligible.
  

• Option 3: Non-Commerce Graduates/Post Graduates with Specific Percentage: To be qualified for CA Intermediate, non-commerce graduates or postgraduates must obtain a minimum of 60% in their qualifying examination. They, like commerce candidates, must complete 9 months of articleship.

Please keep in mind that the percentage criteria given above are just for straight acceptance into CA Intermediate. These percentage requirements do not apply to candidates who have completed the CA Foundation level.

Duration of CA Course:

For aspiring candidates, the length of the CA (Chartered Accountancy) course is important. Here's a more extensive breakdown of how long it takes to finish the CA course:

1. Foundation Level:

• Duration: 4-6 months

• Overview: The Foundation level is the starting point for the CA program. This level normally takes 4 to 6 months to complete. Individual preparation and study practices may influence the duration.

2. Intermediate Level:

• Duration: 8-10 months

• Overview: Candidates advance to the Intermediate level after successfully completing the Foundation level. This stage normally lasts 8 to 10 months. It is made up of in-depth topics that address various aspects of accounting, law, taxation, and auditing.

3. Articleship Training:

• Duration: 3 years

• Overview: After passing the Intermediate level, candidates must complete practical training known as articleship. The articleship period is set at three years, during which time candidates get hands-on experience in accounting, auditing, and other related subjects under the guidance of a practicing Chartered Accountant.

4. (ICITSS) Integrated Course on Information Technology and Soft Skills :

• Duration: Varies

• Overview: Candidates must finish the Integrated Course on Information Technology and Soft Skills (ICITSS) as part of the course. This training may vary in length and is intended to improve students' IT and soft skills.

5. Final Level:

• Duration: 1.5 to 2 years

• Overview: Overview: The Final level is the final stage of the CA program, which normally takes 1.5 to 2 years to complete. It includes advanced courses, case studies, and a thorough assessment.

6. Total Duration:

• The whole CA course, comprising the Foundation, Intermediate, Articleship, ICITSS, and Final levels, is projected to take 4 to 5 years for most candidates.

It is important to remember that the given timeline is an estimate, and individual situations may differ. The time required to pass tests, articleship experience, and completion of extra training programs can all have an impact on the overall duration of the CA course. To guarantee a smooth development through the course, aspirants should effectively schedule their study and practical training.

CA Course Fees

CA Foundation Course Fee:

• Registration Fee: Rs 9000

• Exam Fee: Rs 1500 (ICAI fees, coaching fees not included)

CA Intermediate Course Fee:

• Registration Fee: Rs 15000

• Student’s Activity Fee: Rs 2000

• Article Assistant Registration Fee: Rs 1000

• ICITSS Fee: Rs 6500

• Exam Fee: Rs 2500 (ICAI fees, coaching fees not included)

CA Passing Criteria:

To successfully pass the Chartered Accountancy (CA) exams:

1. Minimum Marks in Each Paper: Achieve a minimum of 40% on each paper, demonstrating a fundamental understanding of each subject.

2. Aggregate Passing Criteria: Attain a minimum overall aggregate score of 50%, showing proficiency across all attempted papers.

Important Points:

• Passing criteria apply to CA Foundation, CA Intermediate, and CA Final levels.

• Marks are rounded off to the nearest whole number.

• Revaluation and verification options are available for dissatisfied candidates.

• There is no restriction on the number of attempts, provided other eligibility criteria are met.

• Scoring 70% or more in aggregate earns candidates a "Pass with Distinction" status.

Aim not just to achieve these standards, but also to get a thorough comprehension of the disciplines in order to succeed as a Chartered Accountant.

Exam Schedule:

Exams are given twice a year, in May and November.

CA Foundation Level:

• Accounting, Business Laws, Business Mathematics, Logical Reasoning & Statistics, and Business Economics are covered in four papers.

CA Intermediate Level:

• Accounting, Corporate and Other Laws, Cost and Management Accounting, Taxation, Advanced Accounting, Auditing and Assurance, Enterprise Information Systems & Strategic Management, and Financial Management & Economics for Finance are among the six papers covered.

CA Final Level:

• Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Economic Laws, Strategic Cost Management and Performance Evaluation, Risk Management, Financial Services and Capital Markets, International Taxation, Economic Laws, Global Financial Reporting Standards, and Multidisciplinary Case Study are among the eight papers covered.

The ICAI has officially issued exam dates, and candidates must adhere to registration requirements. Keep an eye out for announcements to help you arrange your exam preparation successfully.

Why Do CA?

• Earn a good salary

• Job security

• Acquire knowledge in finance, tax, and audit

• Highly respected profession

• Entrepreneurial opportunities

What Does a CA Do?

• Auditing

• Financial & Cost Accounting

• Taxation

• Management Accounting

• Chief Accountant

• Chief Financial Officer

• Chief Manager

• Department Heads

• Lecturer/Professor

• Advisor to the Government

• GST Service Providers

• Internal Audit

• Finance manager

CA Course Syllabus:

CA Foundation Level (4 Papers):

1. Principles and Practice of Accounting:

• Introduction to accounting

• Accounting process and principles

• Bank reconciliation statement

• Depreciation accounting

2. Business Laws and Business Correspondence and Reporting:

• Commercial law

• Company law

• Communication

• Sentence types and word power

3. Business Mathematics and Logical Reasoning & Statistics (MCQ):

• Ratio and proportion

• Indices and logarithms

• Logical reasoning

• Statistical description of data

4. Business Economics and Business and Commercial Knowledge (MCQ):

• Introduction to micro and macro economics

• Economic reforms in India

• Business and commercial knowledge

CA Intermediate Level (8 Papers):

1. Accounting:

• Accounting standards

• Partnership accounts

• Corporate accounting

2. Corporate and Other Laws:

• Company law

• Securities laws

• Laws relating to other entities

3. Cost and Management Accounting:

• Introduction to cost and management accounting

• Budgeting and budgetary control

• Standard costing and variance analysis

4. Taxation:

• Income tax

• Indirect taxes (GST)

5. Advanced Accounting:

• Accounting standards

• Accounting for amalgamation

• Consolidated financial statements

6. Auditing and Assurance:

• Auditing concepts and engagement

• Internal and management audit

• Audit of different entities

7. Enterprise Information Systems & Strategic Management:

• Automation systems

• Information systems and system development

• Strategic management

8. Financial Management & Economics for Finance:

• Financial management

• Economic concepts

CA Final Level (8 Papers further Divided into Essentials and Elective):

Essentials:

1. Financial Reporting:

• Framework for preparation and presentation of financial statements

• Accounting standards

• Consolidated financial statements

2. Strategic Financial Management:

• Financial policy and corporate strategy

• Risk management

• Security analysis

3. Advanced Auditing and Professional Ethics:

• Auditing standards

• Professional ethics

• Internal audit

4. Corporate and Economic Laws:

• Company law

• Economic laws

5. Strategic Cost Management and Performance Evaluation:

• Cost management techniques

• Performance measurement and evaluation

Elective (Choose one):

1. Risk Management:

• Enterprise risk management

• Financial services and capital markets

2. Financial Services and Capital Markets:

• Financial services

• Capital markets

3. International Taxation:

• Transfer pricing

• Non-resident taxation

4. Economic Laws:

• Competition law

• Foreign exchange management

5. Global Financial Reporting Standards:

• IFRS and AS convergence

• Application of IFRS

6. Multidisciplinary Case Study:

• Case study analysis

7. Direct Tax Laws and International Taxation:

• Income tax

• International taxation

8. Indirect Tax Laws:

• Goods and services tax (GST)

• Customs and foreign trade policy

This complete syllabus prepares applicants for a successful career as a Chartered Accountant by providing them with a full understanding of accounting, taxation, auditing, and several other facets of finance.

Source- SuccessEdge Academy

Join iProledge for Best CA Coaching in Bangalore:

Choosing iProledge as your CA coaching partner comes with numerous advantages:

Comprehensive syllabus coverage.

• Extensive study material.

• Experienced instructors.

• Regular reviews and revisions.

• Enhanced learning environment.

• Self-evaluation opportunities.

• Problem-solving expertise.

• Motivational boost.

• Personalized attention.

• Placement assistance.

Choose iProledge for the best CA coaching in Bangalore and start your career in finance. Enroll now and let us lead you to success!

FAQs,

1. Why Choose iProledge for CA Coaching in Bangalore?

Because of our expert faculty, comprehensive study material, and proven track record of success, iProledge stands out as the best CA coaching center in Bangalore. Our interactive learning environment ensures that you receive the necessary guidance and support to succeed in your CA journey.

2. What Are the Eligibility Criteria for the CA Foundation Course?

Candidates must have completed their 10+2 exams, PUC, or equivalent to sit for the CA Foundation exam. This fundamental step open the door for a rewarding career in finance, taxation, and accounting.

3. How Many Papers are there in Each Level of the CA Course?

The CA course has three levels: CA Foundation, CA Intermediate, and CA Final. Each level has a different number of papers, with CA Foundation having 4 papers, CA Intermediate having 6 papers, and CA Final having 6 papers divided into essentials and electives.

Best Calculators for CA Exams

The Chartered Accountancy (CA) exam, managed by The Institute of Chartered Accountants of India (ICAI), is without a doubt one of the most difficult exam in the country. A dependable calculator is your trusted buddy when it comes to areas like taxation, accounting, and financial management. You'll need a calculator that's both inexpensive and dependable, and it doesn't have to be particularly complicated for this reason. In this blog post, we'll look at the finest calculators for CA exam preparation that strike the appropriate balance of price, quality, and features, allowing you to make an informed decision.

1. Casio MJ 12D

The Casio MJ 12D is a basic calculator that does the job without breaking the bank. It has a sturdy structure, making it an excellent companion for your CA exam studies. While it lacks advanced capabilities, it is noted for its simplicity, which can be advantageous during the exam. The Casio MJ 12D has an easy-to-read LED light display and a well-organized keyboard for a smooth calculation experience.

2. Casio DJ-120D

Casio DJ-120D is yet another dependable alternative from the well-known Casio brand. This calculator strikes a good combination between quality and price, making it a popular choice among CA Exams hopefuls. It has important features and a dual-screen for better functionality. The keyboard is well-designed, allowing for speedy and accurate calculations, which is critical for your CA exams.

3. Casio Inc. JF-100BM

The Casio Inc. JF-100BM is well-known for its affordability and durability. It is a practical alternative for students preparing for the CA exam, as it has all of the necessary features for accounting and finance computations. This calculator's ordered keyboard layout and high quality construction ensure that you may rely on it throughout your exam preparations.

4. Casio DV-220

The Casio DV-220 calculator combines price and dependability. It boasts a clear LED display and an easy-to-use keyboard layout that makes it ideal for accounting and financial operations. Its dual-screen capability is a plus, since it allows you to maintain track of your work while solving challenges. The Casio DV-220 is built to last, so it will serve you well during your CA exam trip.

5. Comix Desktop Calculator

For CA exams candidates, the Comix Desktop Calculator is a versatile solution. It's well-known for its high-quality construction and crucial features, such as an ordered keyboard and a dual-screen. The LED display is clear and easy to read, which is critical for doing quick and accurate computations. This calculator has an amazing price-performance ratio.

Finally, when studying for the CA exam, a dependable and cost-effective calculator is needed. The Casio MJ 12D, Casio DJ-120D, Casio Inc. JF-100BM, Casio DV-220, and the Comix Desktop Calculator are all fantastic calculators to consider. They provide the appropriate blend of price, quality, and vital features, ensuring that you can confidently tackle the complicated mathematics in your CA Exams.

To make an informed decision, check the latest reviews and authenticity of these calculators on websites such as Amazon. A long-lasting and dependable calculator might be your dependable friend on your path to become a Chartered Accountant in India. Best wishes for your CA exam preparations!

FAQs

1. Why is a calculator important for CA exam preparation?

During the CA exam, a calculator is necessary for conducting advanced calculations in areas such as taxation, accounting, and financial management. It facilitates quick and accurate computations, making it an indispensable tool for candidates.

2. What features should one look for in a calculator for CA exam preparation?

A good CA exam calculator should balance price, dependability, and functionality. A crisp LED display, a well-organized keyboard layout, durability, and specific functionality pertinent to accounting and finance computations are all important qualities.

3. Why are the mentioned Casio models recommended for CA exam preparation?

The Casio MJ 12D, Casio DJ-120D, Casio Inc. JF-100BM, and Casio DV-220 are suggested for their affordable, dependable, and necessary characteristics. They are built to last and have clear displays and well-designed keyboards, making them ideal for the demanding demands of CA test studies.

4. What is the significance of a dual-screen feature in calculators for CA exams?

Candidates can keep track of their work while solving problems using the dual-screen capability seen in calculators such as the Casio DJ-120D and Casio DV-220. This tool improves functionality and speed during exam preparation, especially in cases involving many calculations.

5. How can candidates ensure the authenticity of a calculator before purchasing it for CA exam preparation?

Candidates should read the most recent reviews and ratings on reputable outlets such as Amazon before purchasing a calculator. They can also confirm the legitimacy of the merchandise by confirming it is from a reputed brand such as Casio. This aids in making an informed decision and selecting a calculator that suits the unique requirements of CA exam study.

6. Which calculator is good for CA students?

Casio MJ 12d calculator best for CA students.

The Chartered Accountancy Salary Guide

Introduction

Are you a commerce student who enjoys statistics and analytical thinking? If so, becoming a Chartered Accountant (CA) may be the appropriate option for you. Chartered accounting not only provides important financial advantages, but it also gives an honorable status. We will dig into numerous aspects of chartered accountancy in this educational article, with a focus on the fascinating chartered accountancy  salary prospective.

Role of a Chartered Accountant

Chartered Accountants play an important role in a variety of businesses, providing a range of key services such as:

1. Accountancy & Auditing: CAs are auditing professionals who are respected for their specialized education and financial acumen. They are in charge of anything from simple bookkeeping to complex financial analyses.

2. Tax Planning & Management: Taxation is essential in financial management. Chartered Accountants help clients file tax returns, represent them in front of tax authorities, and advise them on tax-related issues.

3. Cost Accountancy: CAs offer valuable production-related assistance to firms, assisting them in precisely calculating production costs and recommending cost-cutting solutions.

4. Serving as an Organization's Secretary: CAs frequently work as secretaries in well-structured firms, assisting the board of directors with financial, management, accounting, and taxation issues.

5. Serving on Boards of Directors: CAs with a wealth of knowledge are valuable members of company boards, contributing knowledge of finance to the decision-making process.

6. Tasks Involving Investigations: Businesses need CAs for thorough insights into their financial conditions, whether during mergers and acquisitions or while assessing revenue trends.

The Average CA Salary in India vs. Other Countries

The salary of a chartered accountant varies by country because of variances in living conditions and human resource considerations. Here are some examples of CA salaries in various countries:

• Australia: AU$74k (Fresher CA) AU$123k (Experienced CA) AU$113k (Highest CA Salary)

• USA: $51k (Fresher CA) $78.7k (Experienced CA) $267k (Highest CA Salary)

• Dubai: AED 100k (Fresher CA) AED 123k (Experienced CA) AED 615k (Highest CA Salary)

• UK: £28.4k (Fresher CA) £32.1k (Experienced CA) £62k (Highest CA Salary)

• India: ₹698.2k (Fresher CA) ₹744.3k (Experienced CA) ₹2m (Highest CA Salary)

Salary of a Chartered Accountant in India

A CA's salary in India is mostly determined by their job description and the organization that employs them. Government positions provide work security but may not pay well. Working for multinational corporations (MNCs), on the other hand, can result in much higher earnings.

The following is a breakdown of annual chartered accountancy salaries in India by job profile for 2023:

• Finance Officer: ₹30-35 Lakh

• Account Executive: ₹20-22 Lakh

• Accountant: ₹12-15 Lakh

• Finance Manager: ₹10-12 Lakh

• Financial Analyst: ₹6-8 Lakh

• Assistant Account Manager: ₹4-6 Lakh

• Senior Account Executive: ₹3-5 Lakh

• Business Analyst: ₹5-7 Lakh

• Account Assistant: ₹3-5 Lakh

How to Secure the Highest CA Salary?

Consider the following strategies to increase your chartered accountant salary:

1. Excel in CA Examinations: A good CA exam score can lead to improved career possibilities and higher starting salary.

2. Build Knowledge & Skills: Deep knowledge and expertise in your sector boost your chances of securing high-paying positions.

3. Minimize Exam Attempts: To be competitive for top jobs, aim to pass CA examinations in as few attempts as possible.

4. Achieve Excellent Final Exam Scores: The results of the CA Final exam have a considerable impact on salary offers.

5. Develop Exceptional Communication Skills: Effective communication impresses interviewers and increases your chances of landing a profitable offer.

6. Gain Practical Training Experience: Practical experience is essential; consider articleship programs to gain hands-on experience.

7. Consider Locality: Job location is important; major cities frequently pay more.

Highest Paying Companies for CAs in India 2023:

Reliance Industries: ₹25-45 Lakhs (Highest)

Hindustan Unilever Ltd: ₹10-36 Lakhs

Deloitte: ₹14-35 Lakhs

KPMG: ₹14-32 Lakhs

Aditya Birla Sun Life: ₹13-28 Lakhs

ICICI Bank: ₹11-27 Lakhs

ITC (Imperial Tobacco Company of India Limited): ₹10-25 Lakhs

TATA company: ₹10-22 Lakhs

Bharti Airtel: ₹12-22 Lakhs

SBI Bank: ₹6-17 Lakhs

FAQs

1. How does a Chartered Accountant's salary vary in different countries?

CA salaries vary across country because of differences in living standards. For example, the compensation of a chartered accountant in India differs from that in the United States or the United Kingdom.

2. How can I increase my chances of earning a higher CA salary?

Focus on excelling in CA exams, getting strong knowledge and abilities, passing exams in fewer attempts, getting good final exam scores, developing exceptional communication skills, and gaining practical training experience to secure a higher CA salary.

3. Which are the highest-paying companies for Chartered Accountants in India?

Reliance Industries, Deloitte, Hindustan Unilever Ltd, KPMG, Aditya Birla Sun Life, ICICI Bank, ITC, TATA Company, Bharti Airtel, and SBI Bank are among the highest-paying firms in India for CAs. CAs should expect competitive pay packages from these firms.

4. What is the salary range for Chartered Accountants with 5-10 years of experience?

CAs with 5-10 years of experience can earn an annual salary of approximately ₹12 lakhs. This growth over the initial years shows the extra value and expertise they bring to their roles.

5. What is the starting salary for a fresher Chartered Accountant in India?

A fresher Chartered Accountant's starting salary in India might vary, but is often in the range of ₹6 to ₹10 lakhs per annum, depending on criteria such as the employing organization and location.

6. Is it possible to find a job abroad after completing a Chartered Accountancy (CA) qualification in my home country?

Yes, after completing CA, it is possible to find work abroad; however, extra processes and considerations, such as getting international certifications or meeting visa requirements, may be required.

7. Do I need to pursue additional certifications or qualifications to work as a CA abroad?

You may need to get extra certifications or qualifications recognized in the country where you want to work in some situations. To practice as a Chartered Accountant in the United Kingdom, for example, you may need to complete the Association of Chartered Accountants (ACA) qualification.

8. Can I Get a Job in Abroad After Completing CA?

When Indian businesses have a presence in foreign countries, Indian Chartered Accountants can seek employment there. In cases where there are no Indian businesses, CAs may be required to enroll in locally recognized programs in the respective foreign countries.

The Institute of Chartered Accountants of India (ICAI) has signed Memorandums of Understanding (MOUs) with several countries in order to meet the global demand for Chartered Accountants. These agreements ensure that the CA qualification obtained in India is recognized and valued in these partner countries, allowing Indian CAs to work and excel in international settings.

9. Which country CA is highly paid?

Switzerland

10. Which company paid the highest salary to Chartered Accountant (CA) candidates in India?

ICICI BANK and PWC offered the highest package to CA candidates in India

Conclusion

Considering the potential chartered accountancy income packages and job prospects, pursuing a career as a Chartered Accountant can be a prudent move. Following certification, it is critical to stay current on technical and commercial concerns. Joining a professional organization will help you continue your professional development and ensure a rewarding and productive career in chartered accounting.

Explore the options in the field of chartered accountancy if you're ready to start on this fascinating adventure.

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